Do Food and Beverage Businesses Need an ERP? (Benefits and ROI)

McDonald’s is renowned and one of the most profitable companies in the world. Does McDonald’s use an ERP? Yes, McDonald’s is a food and beverage company that uses ERP software to track food processes globally. If you are in the food and beverage industry, it is important that you use an ERP to track your business activities.

In this guide, you will identify the benefits of using an ERP software for your food and beverage business and how it affects your ROI (Return on Investment).

Why Is ERP Critical in The Food and Beverage Industry?

Did you know that the food and beverage industry have more obstacles than any other? Yes, so food and beverage firms will find an ERP to be quite beneficial!

Stock Management

Do you have trouble tracking your food and beverage-related stocks? Well, it’s time you knew that ERP software for food and beverage is the ultimate helper!

It allows you to track your supplies to identify fresh items and goods in usable condition, and you can even track your inventory to monitor whether you need to restock.

You will also effectively track inventory using batch tracking, predictive stock management, and sell-by-date item tracking. As a result, losses or waste will be avoided due to efficient management of the product cycle.

Quality Control Management

One of the most important aspects of the food manufacturing process is making sure you reach optimal quality. Following are the quality control procedures that ERP software allows you to monitor:

• Raw material.
• Packaging.
• Monitor every stage of the product lifecycle.
• End products.

Using an ERP software, you can monitor the entire product’s lifecycle to the final point of whether the end product meets quality control and management.

Data Management

ERP software for the Food and beverage industry helps you effectively manage your data. Here are the types of data you can handle through ERP at your fingertips:

• Warehousing details.
• Logistics details.
• Sales details.
• Quality control details.
• Monitor and track perishable stocks.
• And more!

When all the above types of data related to your food and beverages are available, managing the business activities will be easy and effective.

Effective Decision-Making

Making informed decisions plays a massive role in handling the challenges in food and beverage companies. For example, real-time data should be available for easy access and to make informed decision making that benefit the company.

Thus, it will help decision-makers make effective decisions based on updated information, improve process management, make selling and purchase decisions, and more!

Compliance and Regulation

The food industry is often liable to rigid regulatory compliance requirements. Hence, food manufacturers need to be updated constantly, follow these rules, and meet compliance requirements.

Hence, using the right ERP software will help you align with and check whether you correspond to these regulations. By ensuring 100% transparency, you can effectively manage your business, including stock management.

Final Thoughts

In conclusion, it is essential for your business to invest in an ERP if you are in the food and beverage industry.

If you are looking for the best provider of food and beverage ERP software, check out Blue Lotus 360 in Sri Lanka TODUAY!